I have been looking at purchasing a home that is outside or right on the cusp of my budget. We have a really solid company with a lot of new hires coming in, in the midwest. I feel like I could find plenty of people looking for a cheaper rent that would like to live with me in a large 3-4 bd house. I even have a few people in mind that have already shown interest in the idea.
This would allow me to pay a significantly lower mortgage. And all I would need is 1 other person to live with me until I get enough of a salary increase to pay off the payments on my own.
I am assuming the person will make payments. I am assuming they are pleasant to live with. Of course we will have a legal leasing agreement.
Having just 1 other roommate would make purchasing a home (of the size I want) very affordable. Not only that but the roommate would be paying a significantly lower rent than they would at an apartment. Seems like a win-win. Was wondering if anyone has already had this idea? And how did it go? And would you do it again?
EDIT: I am changing the narrative to a house that I can afford just fine on my own.
Submitted January 12, 2018 at 11:06AM by throwitawayagainyay http://ift.tt/2D2JhIG
